Luxury Real Estate Trends in 2021 | Think Realty | A Real Estate of Mind
Markets and Trends

Luxury Real Estate Trends in 2021

Luxury Rental Markets

The luxury real estate world never stops growing. New trends are constantly popping up, while some of the old ideas are making a surprising comeback. This constant fluctuation of ideas makes real estate one of the most exciting industries to observe.

Whether you are a real estate agent or a passionate homeowner, taking a closer look at the luxury market can be beneficial. It allows you to get ahead of the curve and realign your priorities. Moreover, it gives you a unique opportunity to prepare yourself for upcoming changes.

In this article, we list the results of our observations. Here are top luxury real estate trends to look for in 2021:

Natural Materials & Wood Furnishings

Choosing natural materials and wood for your interior design is a great way to add warmth and sophistication to your home. It’s also an environmentally friendly choice, as it involves less energy and produces fewer harmful emissions. Today, environmentally sustainable interior design (ESID) gains more and more popularity.

Natural materials are not just about the expensive leather sofas and wooden dining tables. The growing popularity of wood furnishings can be attributed to their aesthetic value and overall practicality.

Wood, like stone and marble, is a timeless material. It adds a certain elegance to any home interior. And it doesn’t have to cost much more than other options. We expect more designers to start using it in future luxury homes. For example, they will use it for kitchen cabinetry, countertops, paneling, and even wall decor.

Shared Community Spaces & Services

Shared community spaces and services are becoming increasingly common in luxury apartments and exclusive estates today. These shared amenities allow residents to spend less time looking after their home and more time relaxing and spending time with friends and family.

For example, Fairbanks Ranch gated community provides its residents with a community clubhouse, media rooms, fitness centers, and even a library. Usually, community spaces are located on ground floors or basements where residents can easily access throughout the building.

Rooftop Terraces & Gardens

Rooftop terraces and gardens are another way to enjoy the great outdoors in the big cities. Besides being a peaceful getaway from the busy city streets, they are often located on high floors with beautiful views. Moreover, they benefit from great sunlight exposure, making them perfect for growing herbs and flowers.

The popularity of rooftop terraces and gardens has been increasing for the past few years. This trend is expected to continue in the future as well.

Rooftop Hot Tubs & Swimming Pools

Rooftop hot tubs and swimming pools are another great way to relax and spend the evening recharging for another day. Nowadays, modern luxury homes often include these features right on the rooftop of the building. It enables residents to enjoy a refreshing swim or soak any time of day or night – without leaving their home! Most of these rooftop pools have stunning views overlooking the city skyline, which turn into a unique entertainment opportunity with spectacular sunset views in the evening.

Outdoor Covered Decks & Patio Areas

Outdoor covered decks are another popular feature in luxury homes across the country. These decks are usually on the upper floor of a building, providing residents with privacy while still enjoying views of their surroundings. In addition to being constructed out of wood, they often have retractable windows that enable fresh air circulation during warmer months.

Most high-rise buildings these days include outdoor covered decks on their upper floors. This trend will likely continue in the future as more people move into cities or smaller towns with limited space but plenty of sunshine. It’s also worth noticing that outdoor covered decks can be used in conjunction with other luxury amenities such as rooftop hot tubs and swimming pools mentioned above.

Smart Homes

Modern technology has changed almost every aspect of our lives – including how we spend our free time. With smartphones, tablets, computers, smart TVs, and high-speed internet, we now have instant access to any information we need at any given time – whether at home or away from home.

Moreover, we can control multiple devices from anywhere using one remote control or app on our phone or tablet. We can also use smart home appliances that connect directly to our home network via Wi-Fi. Today, you already can control everything from your smart fridge to your automated lights remotely. At the same time, you do not even have to leave your couch, thanks to voice recognition software. That’s how far technology has come – and it’s only going to keep getting better!

Conclusion

If you work in the real estate industry or want to maintain your house according to the latest luxury trends and technology, always impress your guests, and live as comfortably as possible – do not hesitate to observe what the luxury market has to offer this year!

Among the other trends, using natural materials in your house’s interior and turning your home into a smart one keep the leading positions. Another thing to pay attention to is making the most out of outdoor spaces – rooftops and patio areas. However, some trends change every year, so make sure you stay on top of these changes.